QE3 Can Give a Further Boost to BofA

Shares of the much-maligned commercial bank should continue to rise, thanks in part to their presence in a popular ETF.

The stock -- which was battered hard last year because of its large mortgage exposure and concerns it had gotten too large and inefficient -- is the subject of massive bullish options-trading volumes on the back of the Federal Reserve's recent plan to flood the economy with money through a campaign of mortgage bond purchases.